Sanlam Life Insurance (Sanlam Life), a wholly owned subsidiary of Sanlam Limited (Sanlam), the non-operating holding company of the Sanlam group, has been assigned a Financial Strength Rating (FSR) of 'A-' (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of 'a-' (Excellent) by AM Best. The outlook assigned to these credit ratings is 'Stable'.